11
Feb
14:43
Seaborne iron ore slips after sentiment outpaces market
Seaborne iron ore prices finally pulled down on Monday. Chinese futures, however, were still catching up from last week and spent most of the day limit up.
The Kallanish KORE 62% Fe index fell $2.96/t to $89.18/dry metric tonne cfr Qingdao. In Tangshan, billet prices also broke their steady spell, jumping CNY 90/t to CNY 3,520/t, the highest level since November.
On the Dalian Commodity Exchange May iron ore settled up CNY 47.5/t at CNY 651.5/t ($96…
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Anonymous
Very good overview of the weekly steel market.
Anonymous